Prudential PLC lifted its stake in shares of Amdocs Limited (NASDAQ:DOX - Free Report) by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,963 shares of the technology company's stock after acquiring an additional 11,486 shares during the quarter. Prudential PLC's holdings in Amdocs were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp bought a new stake in Amdocs during the fourth quarter valued at $36,000. SBI Securities Co. Ltd. acquired a new position in shares of Amdocs in the 4th quarter valued at about $41,000. Global Retirement Partners LLC boosted its position in shares of Amdocs by 45.6% during the 4th quarter. Global Retirement Partners LLC now owns 559 shares of the technology company's stock valued at $48,000 after purchasing an additional 175 shares in the last quarter. Private Trust Co. NA grew its stake in Amdocs by 121.5% during the fourth quarter. Private Trust Co. NA now owns 671 shares of the technology company's stock worth $57,000 after purchasing an additional 368 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in Amdocs by 199.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 686 shares of the technology company's stock worth $59,000 after purchasing an additional 457 shares during the period. 92.02% of the stock is owned by institutional investors and hedge funds.
Amdocs Stock Up 1.2 %
Shares of DOX traded up $0.97 during trading hours on Friday, hitting $83.18. The stock had a trading volume of 739,768 shares, compared to its average volume of 701,099. Amdocs Limited has a 1-year low of $74.41 and a 1-year high of $93.34. The firm has a market capitalization of $9.39 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 1.47 and a beta of 0.59. The firm has a 50 day simple moving average of $87.67 and a 200-day simple moving average of $87.26. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.16 and a quick ratio of 1.20.
Amdocs (NASDAQ:DOX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The technology company reported $1.45 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.19). Amdocs had a net margin of 10.19% and a return on equity of 18.89%. Sell-side analysts predict that Amdocs Limited will post 6.21 EPS for the current fiscal year.
Amdocs Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, March 31st will be paid a $0.527 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Amdocs's previous quarterly dividend of $0.48. The ex-dividend date is Monday, March 31st. Amdocs's dividend payout ratio (DPR) is 48.72%.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Amdocs from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $101.20.
Read Our Latest Analysis on DOX
About Amdocs
(
Free Report)
Amdocs Limited, through its subsidiaries, provides software and services worldwide. It designs, develops, operates, implements, supports, and markets open and modular cloud portfolio. The company provides CES23, a 5G and cloud-native microservices-based market-leading customer experience suite, that enables service providers to build, deliver, and monetize advanced services; Amdocs Subscription Marketplace, a software-as-a-service-based platform that includes an expansive network of pre-integrated digital services, such as media, gaming, eLearning, sports, and retail to security and business services; the monetization suite for charging, billing, policy, and revenue management; Intelligent networking suite with a set of modular, flexible, and open service lifecycle management capabilities for network automation journeys; amAIz, a telco GenAI framework; Amdocs Digital Brands Suite, a pre-integrated digital business suite; and Amdocs eSIM Cloud for service providers.
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